• UK public sector net borrowing decreased by £7.7 billion

Market news

21 December 2016

UK public sector net borrowing decreased by £7.7 billion

Public sector net borrowing (excluding public sector banks) decreased by £7.7 billion to £59.5 billion in the current financial year-to-date (April to November 2016), compared with the same period in 2015.

Public sector net borrowing (excluding public sector banks) decreased by £0.6 billion to £12.6 billion in November 2016, compared with November 2015.

Public sector net debt (excluding public sector banks) was £1,655.1 billion at the end of November 2016, equivalent to 84.5% of gross domestic product (GDP); an increase of £58.6 billion compared with November 2015.

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